Discussion Forum | The Board Director Training Institute of Japan (BDTI) - Part 941

Japan Exchange Group – “Policy Recommendations from JPX Financial and Capital Markets Workshop”

Japan Exchange Group, Inc. (JPX) was launched in January 2013 with the future vision of becoming the most preferred exchange in the Asian region. However, Tokyo Market relatively loses its international competitiveness, as Hong Kong/Singapore's development, the rise of Asian countries, and accelerated financial system reform in China.

The market conditions looks sustaining it's strong economic performance thanks to the effect of Abenomics, but as Japanese financial and capital markets, there still remains many issues to be resolved.

(FSA) “Administrative Actions against Mizuho Bank Co., Ltd. and Mizuho Financial Group, Inc.”

Based on the results of the inspection of Mizuho Bank Co., Ltd and Mizuho Financial Group, Inc. conducted by the Financial Services Agency (hereinafter referred to as the “FSA”) and the reports submitted by Bank, the FSA today took the following administrative actions against Mizuho Bank Co., Ltd and Mizuho Financial Group, Inc. in order to ensure sound and appropriate business operations.

[ Available at: http://www.fsa.go.jp/en/news/2013/20131226-1.html ]

MoFo Client Alert: “The Brazilian Clean Companies Act – What You Need to Know”

Excerpt: On January 29, 2014, the Brazilian Clean Companies Act (CCA) will enter into force. The CCA is an aggressive and broadly drafted piece of legislation which represents a firm statement of intent from the Brazilian government to align itself with global trends and tackle corruption head on. Brazil is an important trading partner for many UK companies and the reverse is also true.1 Companies doing business in Brazil should take note of the CCA and ensure that their existing compliance controls and procedures respond appropriately to its particular features.

ISS’ New “Benchmark Policy Consultation” for Japan and Other Countries

On ISS' web site: Each year, the ISS Global Policy Board invites all financial market participants to provide feedback on proposed updates to ISS' benchmark proxy voting guidelines prior to releasing our final updates in November. In conjunction with the release of our 2014 policy updates on Nov. 21, we are opening a new consultation period on ISS' policy approaches to certain policies for consideration for longer term policy changes (beyond 2014).

Trace “Global Enforcement Report” on Anti-Corruption Enforcement

Excerpt from introduction: Unfortunately, little data is consistently available on the pace of, and trends in, international anti-bribery enforcement, although such information is essential to understanding the extent to which countries are enforcing their anti-bribery statutes and encouraging greater transparency in global business. TRACE publishes the Global Enforcement Report (GER) annually to meet this need.

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